VA Approved Multifamily Real Estate in San Diego

Search for Multifamily Real Estate, Duplex, Triplex or Fourplex in San Diego that is VA Approved

Yes you can use your VA Loan to finance a multifamily home to include a duplex, triplex or a fourplex. This is a great way for a veteran or active duty military in San Diego to own a property and have rental income paying down the mortgage at the same time. For instance, on a duplex “2 units on one property”, the owner can live in one and rent out the other. This situation allows the rental income to assist the owner pay off the loan quickly and can give an alternate source of income. It makes for a great future investment property as well.

Considerations for VA loans for multifamily homes

The owner has to ensure that he/she moves into one of the units in not more than 60 days of the purchase.
Other financial agencies like FHA and USDA allows loan for the maximum number of 4 units. Any number beyond that would make it a commercial property. However in case of VA, one can take for more than 4 along with other people provided they qualify as an eligible person.
In case of 2 veterans buying the property together using their eligibility, the property can have 4 residential units and 1 business unit. It can also have one more additional unit which would be in joint ownership. This makes total units to be 6.

Consideration of rental income

VA loans allow the rental incomes from unoccupied units to be considered as eligibility for loan. The borrower however will have to prove below two points:

The borrower is an experienced landlord
In case if the units stay un-rented, the borrower should have enough cash reserve with him to pay Principal, interest, insurance and taxes for 6 months. This is to ensure that the borrower does not default in case of non-occupancy of rental units.

If the property you are considering purchasing is already rented out, only 75% of the verified rent is considered as rental income. If the VA loan is applied for a multifamily property the appraiser will need to send a letter to the VA which determines the fair rental value of the property and only 75% of the determined amount can be counted as rental income.

Loan Limits

VA does not set a cap on how much you can borrow to finance your home. However, there are limits on the amount of liability VA can assume, which usually affects the amount of money an institution will lend you. The loan limits are the amount a qualified Veteran with full entitlement may be able to borrow without making a down payment. These loan limits vary by county, since the value of a house depends in part on its location.

The basic entitlement available to each eligible Veteran is $36,000. Lenders will generally loan up to 4 times a Veteran's available entitlement without a down payment, provided the Veteran is income and credit qualified and the property appraises for the asking price.

VA Approved Duplex Triplex Fourplex in San Diego California

2020 VA Loan Limits for Multifamily Properties: Duplex, Triplex and Fourplex in San Diego County

One-Unit Limit $ 701,500
Two-Unit Limit $ 898,050
Three-Unit Limit $ 1,085,550
Four-Unit Limit $ 1,349,050

If you would like to learn more about using your VA Loan to purchase real estate in San Diego then please contact The Lewis Team today.

Questions about using your VA Loan to purchase real estate in San Diego?

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Newest Multifamily Real Estate, Duplex, Triplex or Fourplex in San Diego that is VA Approved

$4,795,000

6 Beds ⋅ 5 Baths ⋅ 260025699 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Close to the sand, shops and restaurants in the heart of Del Mar. Coast Boulevard presents a rare opportunity to own a remodeled income producing coastal triplex. Whether you're seeking a premier investment, a vacation-income property, flexibility of owner-occupancy with rental revenue, this exceptional property offers that versatility. The approximately 2,576 sq. ft. residence is thoughtfully configured into three separate units featuring a total of 6 bedrooms and 5 bathrooms, including a 1-bedroom/1-bath unit, a 2-bedroom/2-bath unit, and a spacious 3-bedroom/2-bath unit. Multiple outdoor enjoyment spaces, a generous 4,538 sq. ft. lot, and parking for up to five vehicles enhance both livability and long-term value. Walk to Jakes, Poseidon, The Plaza, Powerhouse Park and the sand. Set within walking distance of Del Mar's renowned beaches, restaurants, boutiques, and coastal trails, this is an opportunity to enjoy the quintessential seaside lifestyle while benefiting from the strong demand for Del Mar real estate. A timeless income property in an irreplaceable location. Floor plans available in tab.

1817-19 Coast Blvd, Del Mar

$6,895,000

16 Beds ⋅ 16 Baths ⋅ 260025696 MLS ⋅ ACTIVE Status

We are pleased to present 3167 Landis Street, a fully renovated 16-unit multifamily community located in the heart of North Park, one of San Diego’s most vibrant and desirable rental markets. This gated property has undergone an extensive renovation down to the studs, resulting in a high-quality, turnkey asset featuring modern finishes throughout. Each apartment includes in-unit laundry, ductless air conditioning, and thoughtfully designed interiors that offer residents the comfort and convenience expected in today’s rental market. The property also benefits from assigned parking and abundant off-street parking, a rare amenity in this highly walkable neighborhood. A spacious central courtyard and common area creates an inviting environment for outdoor living and encourages a sense of community among residents. Situated just moments from the restaurants, cafes, and entertainment that define North Park, the property offers tenants exceptional access to neighborhood amenities while maintaining a quiet residential setting. Nearby schools such as Our Lady of Peace, McKinley Elementary, and St. Augustine High School further enhance the property’s appeal to a diverse tenant base. With excellent curb appeal, a premier location, and strong income potential, 3167 Landis Street presents a rare opportunity for investors to acquire a fully renovated, stabilized asset in one of San Diego’s most established and supply-constrained urban neighborhoods.

3167 Landis, North Park

$4,449,000

23 Beds ⋅ 19 Baths ⋅ 260025691 MLS ⋅ ACTIVE Status

1740 N Avenue presents a well-located multifamily investment opportunity in the heart of National City. The property has recently undergone significant capital improvements, including a brand-new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and a fully renovated laundry room. Approximately half of the units have been updated, providing a clean, modern living experience for current tenants while leaving room for a new owner to add value through additional interior renovations. With solid in-place income and below-market rents, this asset offers an ideal balance of stability and upside. Investors have the opportunity to increase cash flow over time by bringing remaining units to market standard. Located near major freeways, schools, and key employment hubs, 1740 N Avenue is perfectly positioned for long-term rental demand and appreciation.

1740 N Ave, National City

$1,175,000

6 Beds ⋅ 4 Baths ⋅ 260025675 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Excellent investment opportunity or owner-occupant property in the heart of Spring Valley. This updated duplex offers flexibility for investors looking to add to their portfolio or buyers seeking to live in one unit while generating rental income from the other. Both units have been well maintained with tasteful updates, providing a move-in ready opportunity with long-term upside. Unit A is vacant and available for immediate showings, allowing buyers to fully experience the property. Unit B is tenant occupied and will be available for viewing once escrow has been opened, helping minimize disruption to the current tenant while still allowing buyers to complete their due diligence. The property offers a functional layout, private outdoor space, and ample parking, all in a convenient location close to shopping, schools, parks, and freeway access. Whether you're looking for immediate cash flow, multi-generational living, or an owner-occupied investment, this duplex presents an outstanding opportunity in today's market. Don't miss your chance to own a versatile income-producing property with one vacant unit ready for occupancy and the second providing established rental income.

2018 Hawkins Way, Spring Valley

$2,100,000

3 Beds ⋅ 4 Baths ⋅ PTP2608000 MLS ⋅ ACTIVE Status

Enjoy an exceptional Coronado location just a five-minute walk from the iconic Coronado Ferry Landing, restaurants, and shops. These outstanding units offer versatile options for extended family, guests, rental income, or future development. Multifamily zoning and the potential for additional construction expand the propertys investment possibilities. Nearby beaches and schools, plus easy access to the Coronado Bridge and downtown San Diego, add to the appeal. Ideal for an owner-occupant or developer, this property combines the opportunity to enjoy the local lifestyle in San Diegos best neighborhood with rental income and future development potential. The adjacent property at 221 D Ave. is also for sale; the properties may be purchased together or separately. These units are Fannie, Freddie, and FHA eligible. Enjoy an exceptional Coronado location just a five-minute walk from the iconic Coronado Ferry Landing, restaurants, and shops. These outstanding units offer versatile options for extended family, guests, rental income, or future development. Multifamily zoning and the potential for additional construction expand the propertys investment possibilities. Nearby beaches and schools, plus easy access to the Coronado Bridge and downtown San Diego, add to the appeal. Ideal for an owner-occupant or developer, this property combines the opportunity to enjoy the local lifestyle in San Diegos best neighborhood with rental income and future development potential. The adjacent property at 221 D Ave. is also for sale; the properties may be purchased together or separately. These units are Fannie, Freddie, and FHA eligible.

225 D Ave, Coronado

$769,000

PTP2607997 MLS ⋅ ACTIVE Status

Another rare 2-on-1 Opportunity in the Heart of Jamul on a 1.13 Acre Parcel! Discover the potential of this unique property in an excellent Jamul location, just moments from downtown Jamul. This property features two separate homes & another unpermitted building, offering a rare opportunity for investors, builders, or buyers looking to create something special. Both homes were relocated to the property many years ago and are currently in poor condition, making this an ideal opportunity for those with vision to explore the possibilities. Whether youre considering renovation, redevelopment, or creating your own country retreat, the expansive parcel and convenient location provide an exciting canvas for your plans. Enjoy the space, flexibility, & possibilities that come with acreage while remaining less than 10 minutes from big city life. Bring your vision and unlock the potential of this unique property! Another rare 2-on-1 Opportunity in the Heart of Jamul on a 1.13 Acre Parcel! Discover the potential of this unique property in an excellent Jamul location, just moments from downtown Jamul. This property features two separate homes & another unpermitted building, offering a rare opportunity for investors, builders, or buyers looking to create something special. Both homes were relocated to the property many years ago and are currently in poor condition, making this an ideal opportunity for those with vision to explore the possibilities. Whether youre considering renovation, redevelopment, or creating your own country retreat, the expansive parcel and convenient location provide an exciting canvas for your plans. Enjoy the space, flexibility, & possibilities that come with acreage while remaining less than 10 minutes from big city life. Bring your vision and unlock the potential of this unique property!

13958-70 Olive Vista Dr, Jamul

$679,000

PTP2607996 MLS ⋅ ACTIVE Status

Rare 2-on-1 Opportunity in the Heart of Jamul on a 1.12 Acre Mostly Usable Parcel! Discover the potential of this unique property in an excellent Jamul location, just moments from downtown Jamul. This property features two separate homes, offering a rare opportunity for investors, builders, or buyers looking to create something special. Both homes were relocated to the property many years ago and are currently in poor condition, making this an ideal opportunity for those with vision to explore the possibilities. Whether youre considering renovation, redevelopment, or creating your own country retreat, the expansive parcel and convenient location provide an exciting canvas for your plans. Enjoy the space, flexibility, & possibilities that come with acreage while remaining less than 10 minutes from big city life. Bring your vision and unlock the potential of this unique property! Rare 2-on-1 Opportunity in the Heart of Jamul on a 1.12 Acre Mostly Usable Parcel! Discover the potential of this unique property in an excellent Jamul location, just moments from downtown Jamul. This property features two separate homes, offering a rare opportunity for investors, builders, or buyers looking to create something special. Both homes were relocated to the property many years ago and are currently in poor condition, making this an ideal opportunity for those with vision to explore the possibilities. Whether youre considering renovation, redevelopment, or creating your own country retreat, the expansive parcel and convenient location provide an exciting canvas for your plans. Enjoy the space, flexibility, & possibilities that come with acreage while remaining less than 10 minutes from big city life. Bring your vision and unlock the potential of this unique property!

13954-56 Olive Vista Dr, Jamul

$1,875,000

3 Beds ⋅ 3 Baths ⋅ PTP2607992 MLS ⋅ ACTIVE Status

Enjoy an exceptional Coronado location just a five-minute walk from the iconic Coronado Ferry Landing, restaurants, and shops. These outstanding units offer flexibility for extended family, guests, rental income, or future development. Multifamily zoning and the potential for additional construction enhance the propertys investment and expansion possibilities. Nearby beaches and schools, along with easy access to the Coronado Bridge and downtown San Diego, add to its appeal. This property offers an excellent opportunity to live in San Diegos best neighborhood, enjoy the local lifestyle, and earn rental incomean ideal option for an owner-occupant or developer. the adjacent property at 225 D Ave. is also for sale; the properties may be purchased together or separately. These units are Fannie, Freddie, and FHA eligible. Enjoy an exceptional Coronado location just a five-minute walk from the iconic Coronado Ferry Landing, restaurants, and shops. These outstanding units offer flexibility for extended family, guests, rental income, or future development. Multifamily zoning and the potential for additional construction enhance the propertys investment and expansion possibilities. Nearby beaches and schools, along with easy access to the Coronado Bridge and downtown San Diego, add to its appeal. This property offers an excellent opportunity to live in San Diegos best neighborhood, enjoy the local lifestyle, and earn rental incomean ideal option for an owner-occupant or developer. the adjacent property at 225 D Ave. is also for sale; the properties may be purchased together or separately. These units are Fannie, Freddie, and FHA eligible.

221-D Avenue 221-D Avenue Ave, Coronado

$749,000

2 Beds ⋅ 2 Baths ⋅ 260025604 MLS ⋅ ACTIVE Status

A wonderful opportunity to own a duplex in the heart of San Diego’s City Heights neighborhood! This property features TWO separate 1-bedroom, 1-bathroom units, each with its own private yard space. Both units are currently occupied by long-term tenants. Whether you’re looking to expand your rental portfolio, make improvements to increase future potential, or explore a value-add investment with resale upside, this duplex offers plenty of possibilities. Conveniently located near shopping, dining, schools, and major freeways. Bring your vision and explore the investment potential this property has to offer!

3117-19 N 45th, East San Diego

1476-1480 Pescadero Dr, Ocean Beach (OB)

$5,950,000

8 Beds ⋅ 4 Baths ⋅ 260025597 MLS ⋅ ACTIVE Status ⋅ Pescadero Drive BLDG.

True oceanfront in Sunset Cliffs with extraordinary 280-degree Pacific Ocean views stretching north to La Jolla and south along the coastline, capturing spectacular sunsets year-round. Four beautifully renovated two-bedroom residences plus two spacious bonus studios with lofts, all enjoying ocean views. Every space has been fully renovated with quality finishes throughout, including updated kitchens and baths, quartz countertops, stainless appliances, LVP flooring, and dual-pane windows. This meticulously maintained property offers a strong, growing rental history, with three established short-term vacation rentals conveyed fully furnished and additional long-term rental income. Multiple ocean-facing decks and patios make the most of the views, while the rare four-car garage provides valuable parking and storage. Easy access to Sunset Cliffs, along with convenient proximity to Point Loma, downtown San Diego, the airport, and major transportation routes, adds to the appeal for residents and vacation guests alike. Personally managed by the owner, with potential for increased revenue through more active management and pricing strategies. The shoreline protection system received a favorable engineering assessment in 2026, with an outlook for decades of continued protection with routine monitoring and maintenance. Full report available for review. An exceptional combination of oceanfront location, turnkey condition, established income, and long-term investment potential along San Diego's coastline.

1476-1480 Pescadero Dr, Ocean Beach (OB)

$1,750,000

6 Beds ⋅ 4 Baths ⋅ 260025593 MLS ⋅ ACTIVE Status ⋅ Balboa BLDG.

Classic San Diego charm in a convenient Hillcrest/Mission Hills location. 4083 Albatross Street features three residences: one 1-bedroom/1-bath, one 2-bedroom/1-bath, and one 3-bedroom/2-bath, totaling approximately 3,318 square feet. Select residences offer updated kitchens and bathrooms, hardwood flooring, and restored wood trim. An enclosed sunroom complements the three-bedroom residence, while a separate dining room or den adds flexibility to the one-bedroom layout. A shared backyard provides outdoor space to enjoy, and onsite laundry adds convenience. Alley access and existing garages offer potential for garage-to-ADU conversions, subject to Buyer verification of feasibility and City approvals. Explore the opportunity to live in one residence while renting the others, subject to existing leases and applicable requirements. Nearby restaurants, cafés, shopping, and major medical centers place everyday amenities within easy reach, with convenient access to Balboa Park and Downtown San Diego. Buyer to verify square footage, unit mix, and ADU potential.

4083 Albatross St, Mission Hills

$2,199,000

2 Beds ⋅ 2 Baths ⋅ NDP2609783 MLS ⋅ ACTIVE Status

Adorable single level duplex with an outstanding location in the heart of Leucadia. 532 Hermes is 2 Bedroom / 2 Bath, 534 Hermes is 1Bed+1Ba, located on a large 11,282 sq ft lot. This is the perfect opportunity to enjoy the Coastal lifestyle with the beach a short distance. Ideally situated by Paul Eke Elementary and the El Portal underpass making Stonesteps Beach access only mins away. French doors provide abundant natural light throughout the main dwelling unit making this home light & bright. Large eat in kitchen has plenty of storage for everything you could need. The one-bedroom unit has a private patio, generous sized living room and full kitchen. Each unit is separately metered except for a shared water meter. They each have its own washer & Dryer and furnace. Perfect set up for someone to live in main house and rent the other unit. Both are currently vacant. There are possible ADU opportunities should one wish to add additional units to the property. Lush landscaping consists of multiple avocado trees, orange & lemon fruit trees plus a fig tree and fenced garden area. The oversized lot offers endless possibilities to expand, add units, create private yards, or just enjoy the space. The new Paul Ecke Central School, which is currently under construction, is only steps away. This location cannot be beat with easy access to the vibrant 101 corridor and its many shops & restaurants. Adorable single level duplex with an outstanding location in the heart of Leucadia. 532 Hermes is 2 Bedroom / 2 Bath, 534 Hermes is 1Bed+1Ba, located on a large 11,282 sq ft lot. This is the perfect opportunity to enjoy the Coastal lifestyle with the beach a short distance. Ideally situated by Paul Eke Elementary and the El Portal underpass making Stonesteps Beach access only mins away. French doors provide abundant natural light throughout the main dwelling unit making this home light & bright. Large eat in kitchen has plenty of storage for everything you could need. The one-bedroom unit has a private patio, generous sized living room and full kitchen. Each unit is separately metered except for a shared water meter. They each have its own washer & Dryer and furnace. Perfect set up for someone to live in main house and rent the other unit. Both are currently vacant. There are possible ADU opportunities should one wish to add additional units to the property. Lush landscaping consists of multiple avocado trees, orange & lemon fruit trees plus a fig tree and fenced garden area. The oversized lot offers endless possibilities to expand, add units, create private yards, or just enjoy the space. The new Paul Ecke Central School, which is currently under construction, is only steps away. This location cannot be beat with easy access to the vibrant 101 corridor and its many shops & restaurants.

532-34 Hermes Ave, Encinitas

$1,899,995

PTP2607969 MLS ⋅ ACTIVE Status

Beautifully renovated duplex in coveted Bankers Hill, (see showing instructions or call) offering two homes for the price of one. This early-1900s Tudor/French Normandy-style Craftsman blends timeless architectural character with thoughtful modern renovations while preserving its historic warmth and integrity. The two-level main residence offers 3 bedrooms, 2.5 baths, and an oversized 2-car garage. Rich period details, abundant natural light, and a west-facing orientation create a warm and inviting living environment. Enjoy views toward Downtown San Diego and the bay/harbor, creating an exceptional backdrop for everyday living and entertaining. Beautiful hardwood flooring throughout, new roof, new appliances, custom tile. The separate lower-level residence/casita features its own private entrance, full bath, and laundry hookups, delivering outstanding flexibility for multigenerational living, guests, a home office, or rental income. With the property recorded as a duplex, this rare two-unit offering presents a compelling opportunity for an owner-occupant, investor, or buyer seeking versatile living arrangements in a premier urban location. Enjoy close proximity to Little Italy, the San Diego Bay, Downtown, Balboa Park, acclaimed dining, shopping, and entertainment, with convenient access to Interstate 5. This distinctive Bankers Hill duplex combines historic appeal, modern updates, Downtown and bay/harbor views, oversized garage and driveway parking, and valuable income-producing potential in one of San Diegos most desirable neighborhoods. Beautifully renovated duplex in coveted Bankers Hill, (see showing instructions or call) offering two homes for the price of one. This early-1900s Tudor/French Normandy-style Craftsman blends timeless architectural character with thoughtful modern renovations while preserving its historic warmth and integrity. The two-level main residence offers 3 bedrooms, 2.5 baths, and an oversized 2-car garage. Rich period details, abundant natural light, and a west-facing orientation create a warm and inviting living environment. Enjoy views toward Downtown San Diego and the bay/harbor, creating an exceptional backdrop for everyday living and entertaining. Beautiful hardwood flooring throughout, new roof, new appliances, custom tile. The separate lower-level residence/casita features its own private entrance, full bath, and laundry hookups, delivering outstanding flexibility for multigenerational living, guests, a home office, or rental income. With the property recorded as a duplex, this rare two-unit offering presents a compelling opportunity for an owner-occupant, investor, or buyer seeking versatile living arrangements in a premier urban location. Enjoy close proximity to Little Italy, the San Diego Bay, Downtown, Balboa Park, acclaimed dining, shopping, and entertainment, with convenient access to Interstate 5. This distinctive Bankers Hill duplex combines historic appeal, modern updates, Downtown and bay/harbor views, oversized garage and driveway parking, and valuable income-producing potential in one of San Diegos most desirable neighborhoods.

2421 Brant St, Downtown

$749,900

5 Beds ⋅ 2 Baths ⋅ 260025590 MLS ⋅ ACTIVE Status

2 Detached Homes on 1 lot Priced/Comparable to a Single Family Home in this convenient Central Escondido Neighborhood. Investor Options open to Imagination- Potential Multi-units? Zoned R-2 Minor Multiple. Both units recently Rented. 2 Bedroom 1 Bath Front unit at $2288 3 Bedroom 1 Bath Back unit at $2464 Add bathrooms to both and update- Potential Rent $3000 & $3500, buyer to verify.

102 E 15th, Escondido

$825,000

4 Beds ⋅ 2 Baths ⋅ PTP2607966 MLS ⋅ ACTIVE Status

Opportunity meets charm with this well-maintained duplex situated on a desirable corner lot in the heart of San Diego. Featuring two side-by-side 2-bedroom, 1-bath units, this property has been thoughtfully updated and meticulously cared for, offering immediate appeal for both investors and owner-occupants alike. Each residence provides comfortable living spaces, functional layouts, and private outdoor areas, creating strong rental desirability. With significant upside potential for future income growth and value enhancement, this is a rare opportunity to acquire a versatile property in a centrally located neighborhood with convenient access to Downtown San Diego, major freeways, shopping, dining, and local amenities. Whether you're looking to expand your portfolio or live in one unit while generating income from the other, this duplex offers flexibility, stability, and long-term potential. Opportunity meets charm with this well-maintained duplex situated on a desirable corner lot in the heart of San Diego. Featuring two side-by-side 2-bedroom, 1-bath units, this property has been thoughtfully updated and meticulously cared for, offering immediate appeal for both investors and owner-occupants alike. Each residence provides comfortable living spaces, functional layouts, and private outdoor areas, creating strong rental desirability. With significant upside potential for future income growth and value enhancement, this is a rare opportunity to acquire a versatile property in a centrally located neighborhood with convenient access to Downtown San Diego, major freeways, shopping, dining, and local amenities. Whether you're looking to expand your portfolio or live in one unit while generating income from the other, this duplex offers flexibility, stability, and long-term potential.

3950-52 C St, Golden Hill

4563-67 51st St, Talmadge/San Diego Central

$1,850,000

5 Beds ⋅ 5 Baths ⋅ PTP2607954 MLS ⋅ ACTIVE Status

Turnkey Talmadge triplex with an attractive 5.625% assumable loan opportunity for eligible VA buyers (approx. $1,675,000 remaining principal). This property is composed of a 3-bed/2-bath residence, attached studio ADU with private entrance, detached 2-bed/2-bath unit, and 7 dedicated parking spaces. Extensively renovated in 202223, all units feature newer roofs, windows, plumbing, electrical upgrades, modern finishes, and private laundry. Located less than 2 miles from SDSU, the property offers strong rental appeal and proven vacation rental performance, generating $153,528 in gross vacation rental income in 2024. Currently leased for a combined $10,020/month: $6,100 for the 3-bed and studio (month-to-month) and $3,920 for the furnished 2-bed (leased through Feb. 2027). Additional upside potential with utility infrastructure in place for a possible fourth unit (buyer to verify). Some images have been virtually staged. Turnkey Talmadge triplex with an attractive 5.625% assumable loan opportunity for eligible VA buyers (approx. $1,675,000 remaining principal). This property is composed of a 3-bed/2-bath residence, attached studio ADU with private entrance, detached 2-bed/2-bath unit, and 7 dedicated parking spaces. Extensively renovated in 202223, all units feature newer roofs, windows, plumbing, electrical upgrades, modern finishes, and private laundry. Located less than 2 miles from SDSU, the property offers strong rental appeal and proven vacation rental performance, generating $153,528 in gross vacation rental income in 2024. Currently leased for a combined $10,020/month: $6,100 for the 3-bed and studio (month-to-month) and $3,920 for the furnished 2-bed (leased through Feb. 2027). Additional upside potential with utility infrastructure in place for a possible fourth unit (buyer to verify). Some images have been virtually staged.

4563-67 51st St, Talmadge/San Diego Central

$925,000

5 Beds ⋅ 3 Baths ⋅ 260025507 MLS ⋅ ACTIVE Status ⋅ South San Diego Park BLDG.

Two Detached Homes On Large Lot Each With Individual Water, Gas & Electric Meters Paid By Tenants! Rents Are Lower For The Area. Unit 1036 Is Month To Month, Unit 1034 (Front) Had Section 8 Annual Lease Renewal approx. 2 Months Ago. Interiors Include Some Upgardes Incl. Granit Countertop in Front House, Recently Replaced Bathroom Vanity.

1034-36 11th St, Imperial Beach

$1,399,995

9 Beds ⋅ 6 Baths ⋅ 260025465 MLS ⋅ ACTIVE Status ⋅ Nk BLDG.

HARD TO FIND NEWER FULLY UPGRADED 3 UNITS EACH WITH 3 BEDROOMS AND 2 BATHS BUILT IN 2020! FRONT UNIT IS DETACHED HOUSE WITH FULLY FENCED YARD. PROPERTY FEATURES LARGE ALLEY ACCESS WITH 5 PARKING SPACES FOR BACK UNITS, QUARTZ COUNTERS, TILE SHOWERS THROUGHOUT, DUAL PANE WINDOWS, RECESSED LIGHTING, PRIVATE LAUNDRY FOR EACH UNIT, INDIVIDUAL STORAGE ROOMS, LARGE FENCED YARD FOR 2ND UNIT. CENTRALLY LOCATED IN UP AND COMMING NEIGHBORHOOD NEXT TO DOWNTOWN, SHOPPING, RESTAURANTS AND ALL MAJOR FREEWAYS! OWNER HAS ASSUMABLE 2.75% VA LOAN AT $875,000. SUBMIT PRE-APPROVAL, VERIFICATION OF FUNDS, VERIFICATION OF CREDIT AND DU APPROVAL WITH ALL OFFERS. BUYERS MUST CROSS QUALIFY WITH LISTING AGENT (C2 FINANCIAL) BEFORE CONFIRMATION OF ACCEPTANCE BUT PLEASE SUBMIT OFFER WITHOUT THIS AT 1ST. SUBMIT PRE-APPROVAL, VERIFICATION OF FUNDS, VERIFICATION OF CREDIT AND DU APPROVAL WITH ALL OFFERS. BUYERS MUST CROSS QUALIFY WITH LISTING AGENT (C2 FINANCIAL) BEFORE CONFIRMATION OF ACCEPTANCE BUT PLEASE SUBMIT OFFER WITHOUT THIS AT 1ST.

3779 Teak St, Logan Heights

$1,495,000

5 Beds ⋅ 5 Baths ⋅ 260025464 MLS ⋅ ACTIVE Status ⋅ 3940 BLDG.

A rare opportunity in one of San Diego's hottest redevelopment corridors. This 3-unit property delivers strong cash flow today with an attractive value-add upside on rents.Versatile unit sizing offers a flexible canvas for repositioning or redevelopment. The property also features ample exterior parking for 8 cars, a rare and valuable amenity in this submarket.Situated on the edge of Point Loma, this location puts you minutes from Mission Beach, Ocean Beach, and Point Loma proper, with the vibrant Midway District just a short walk away. Whether you're looking to capture immediate cash flow, push rents to market, or plan for future redevelopment, this property checks every

3938-42 La Salle St, Old Town

$1,190,000

PTP2607928 MLS ⋅ ACTIVE Status

Rare Linda Vista duplex in a highly convenient location, offering remodeled, income-producing units today and exceptional development potential tomorrow. 2022: both 2BR/1BA units fully remodeled with updated kitchens and baths, new flooring, dual-pane windows, mini-split heating/AC (six heads total), instant electric water heaters and updated electrical. 2024: all plumbing retrofitted, including 4" ABS sewer lateral to the main. Paid-off solar grandfathered on SDG&E Net Energy Metering 2 with approx. 15+ years remaining, a valuable rate structure new solar no longer qualifies for, helping keep utility costs low. Sizable driveway for off-street parking, shared washer/dryer on site, and notable ocean views. Development upside: the approx. 9,514 sf lot is zoned RM-3-7 (base density approx. 9 units) and sits within the City's Sustainable Development Area, Transit Priority Area and Complete Communities Housing Solutions FAR Tier 4. Under the Housing Solutions program, qualifying projects that deed-restrict 40% of base units as affordable may build up to 4.0 FAR (roughly 38,000 sf of floor area), with height governed by FAR, no required parking near transit, and potential for 25+ units. Collect rent now, build later. All this, just a short stroll to the Linda Vista Plaza Shopping Center, nearly a mile to USD, minutes to Fashion Valley, Mission Valley and the I-8/163 corridors, and steps to the bus line. Buyer to verify zoning, density and development potential with the City of San Diego. Renderings are conceptual and not approved plans. Rare Linda Vista duplex in a highly convenient location, offering remodeled, income-producing units today and exceptional development potential tomorrow. 2022: both 2BR/1BA units fully remodeled with updated kitchens and baths, new flooring, dual-pane windows, mini-split heating/AC (six heads total), instant electric water heaters and updated electrical. 2024: all plumbing retrofitted, including 4" ABS sewer lateral to the main. Paid-off solar grandfathered on SDG&E Net Energy Metering 2 with approx. 15+ years remaining, a valuable rate structure new solar no longer qualifies for, helping keep utility costs low. Sizable driveway for off-street parking, shared washer/dryer on site, and notable ocean views. Development upside: the approx. 9,514 sf lot is zoned RM-3-7 (base density approx. 9 units) and sits within the City's Sustainable Development Area, Transit Priority Area and Complete Communities Housing Solutions FAR Tier 4. Under the Housing Solutions program, qualifying projects that deed-restrict 40% of base units as affordable may build up to 4.0 FAR (roughly 38,000 sf of floor area), with height governed by FAR, no required parking near transit, and potential for 25+ units. Collect rent now, build later. All this, just a short stroll to the Linda Vista Plaza Shopping Center, nearly a mile to USD, minutes to Fashion Valley, Mission Valley and the I-8/163 corridors, and steps to the bus line. Buyer to verify zoning, density and development potential with the City of San Diego. Renderings are conceptual and not approved plans.

2101-3 Drescher St, Linda Vista

6266-68 Stewart St, Talmadge/San Diego Central

$1,549,000

8 Beds ⋅ 4 Baths ⋅ 260025453 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

This rare two-unit multi-family property offers an incredible opportunity for investors or owner-occupants. Each unit features 4 bedrooms and 2 bathrooms, providing spacious living for tenants or potential rental income. Perfectly located right next to San Diego State University, this property enjoys strong rental demand and consistent occupancy. Currently tenant-occupied with long-term leases, it offers immediate cash flow for the savvy investor. Both units boast functional layouts, full kitchens, and comfortable living spaces—ideal for students, faculty, or families. Don’t miss this chance to own a solid income-generating property in a high-demand San Diego location.

6266-68 Stewart St, Talmadge/San Diego Central

$3,250,000

5 Beds ⋅ 4 Baths ⋅ PTP2607926 MLS ⋅ ACTIVE Status

Coastal living just moments from Sunset Cliffs! Two fully reimagined homes on one Ocean Beach lot, designed with a clean, modern coastal feel. The front home is a 3 bed, 2 bath, approx 2,000 SqFt home, with an open-concept chefs kitchen featuring Taj Mahal quartz countertops and waterfall island, white oak cabinetry, a Forno 8-burner range, double oven with a quartz wrapped vent hood. Some of the features include: Bar area with a wine cooler and beverage fridge, stone wrapped fireplace, a new Trex composite deck, a Navien tankless water heater, and a primary suite with a custom walk-in closet and in-closet laundry. High vaulted ceilings with exposed wood beams. The detached back condo is a 2 bed, 2 bath , approx. 1,100 SqFt, over a 3-car garage, with an open kitchen and dining area, quartz counters, , and remodeled baths. Both homes have new roofs, black-frame windows dual pane windows, smooth Santa Barbara stucco, updated electrical, New copper plumbing and gas lines, new flooring, recessed lighting, and fresh paint inside and out. Outside youll find new landscaping, fencing, lighting, gates and garage doors. A great fit for owner-users or investors, close to the cliffs, Newport Ave and the beach. Coastal living just moments from Sunset Cliffs! Two fully reimagined homes on one Ocean Beach lot, designed with a clean, modern coastal feel. The front home is a 3 bed, 2 bath, approx 2,000 SqFt home, with an open-concept chefs kitchen featuring Taj Mahal quartz countertops and waterfall island, white oak cabinetry, a Forno 8-burner range, double oven with a quartz wrapped vent hood. Some of the features include: Bar area with a wine cooler and beverage fridge, stone wrapped fireplace, a new Trex composite deck, a Navien tankless water heater, and a primary suite with a custom walk-in closet and in-closet laundry. High vaulted ceilings with exposed wood beams. The detached back condo is a 2 bed, 2 bath , approx. 1,100 SqFt, over a 3-car garage, with an open kitchen and dining area, quartz counters, , and remodeled baths. Both homes have new roofs, black-frame windows dual pane windows, smooth Santa Barbara stucco, updated electrical, New copper plumbing and gas lines, new flooring, recessed lighting, and fresh paint inside and out. Outside youll find new landscaping, fencing, lighting, gates and garage doors. A great fit for owner-users or investors, close to the cliffs, Newport Ave and the beach.

4769-71 Del Mar Ave, Ocean Beach (OB)

$1,700,000

PTP2607920 MLS ⋅ ACTIVE Status

Beach Paradise Craftman/Bungalow style. Second unit is 4826 Lotus st. near Dog beach, Rob field, sunset cliffs. Front unit is rented as an airbnb. Beach Paradise Craftman/Bungalow style. Second unit is 4826 Lotus st. near Dog beach, Rob field, sunset cliffs. Front unit is rented as an airbnb.

4825 W Point Loma Bvd, Ocean Beach (OB)

$1,795,000

8 Beds ⋅ 8 Baths ⋅ PW26227722 MLS ⋅ ACTIVE Status

Coastal investment opportunity just blocks from the beach in Oceanside. This four-unit multifamily property features two bedrooms, two bathrooms, and a private attached one-car garage in each unit. With a desirable beach-close location and the convenience of individual garages, this property is an appealing opportunity for investors seeking a coastal addition to their portfolio. Coastal investment opportunity just blocks from the beach in Oceanside. This four-unit multifamily property features two bedrooms, two bathrooms, and a private attached one-car garage in each unit. With a desirable beach-close location and the convenience of individual garages, this property is an appealing opportunity for investors seeking a coastal addition to their portfolio.

1144 S Nevada, Oceanside

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